Eric Trump shared details of his meeting with MicroStrategy co-founder and Chief Executive Officer Michael Saylor at Mar-a-Lago.
Eric Trump, Deputy Chairman of The Trump Organization, set the tone in a post on X and described the meeting on January 3 as “Two friends, one passion: Bitcoin.” Their interactions show that the ties between the big names are strengthening. People in business and the Bitcoin (BTC) ecosystem amid the growing importance of cryptocurrency in elite circles.
The meeting and the comments attended came after increased interest in BTC around Trump. Trump is intensifying his public alignment with BTC advocates like Saylor.
Trump also has ties to World Liberty Financial, which provides users with crypto trading services, DeFi solutions, blockchain innovation and crypto education. The incoming president’s son also publicly showed his support for crypto on August 7th, with the 40-year-old saying he’s “really in love with Crypto/DeFi.” Although he often presents himself as a business influencer, Trump’s presence adds visibility to World Liberty Financial. During his two-hour X livestream on September 16, 2024, Trump said the firm’s goal is to “make DeFi broadly accessible.”
Saylor is one of the most influential figures in the crypto world, known for his early and aggressive purchase of BTC as an institutional treasury asset. Saylor has consistently been a staunch advocate of BTC as a long-term store of value; This was a much-needed hedge for fiat currencies against the unabated rise of inflation.
Under Saylor’s leadership, MicroStrategy has become the best-performing crypto stock of 2024, making it one of the largest institutional holders of BTC. However, stock prices quickly fell below $300 on December 31. Saylor also found himself under fire, with many analysts calling Bitcoin’s 21/21 target “unconvincing.”
However, Saylor does not seem to be impressed by this trend and is meeting with Eric Trump to stick to his plans to buy $42 billion worth of BTC over the next three years. The meeting between Trump and Saylor represents how traditional business leaders are opening up to unite around the growing cryptocurrency ecosystem.